Schjerven to Resign from Lennox Mid-2007

Robert E. Schjerven, Lennox International (LII) chief executive officer, has announced his intention to retire by mid-2007. An internal and external search for Mr. Schjerven's successor will begin immediately.
"My twenty-plus year career at LII has been rewarding to me both personally and professionally and I've been proud to be part of the LII team during a time of strong growth and important preparation for the future. I feel it is important to announce my intention to retire next year now so that our search for my replacement is transparent both internally and in the marketplace. I will remain as CEO until my successor is named," said Mr. Schjerven.
"LII has greatly benefited from Bob's long career with the company, especially his leadership as CEO over the past six years," said Richard L. Thompson, LII's chairman of the board. "Bob brought focus to the business and was instrumental in strengthening the company's balance sheet, successfully positioning LII for a new era of growth. While we will miss working with him, he leaves the company in very good shape."